Stress in the power distribution sector is evident from the fact that the total outstanding amount payable by state government-owned distribution companies to power generators rose 47 per cent year-on-year in June 2020.
Tata Power aims to quadruple its customer base in the power distribution business, the company’s chairman Natarajan Chandrasekaran said during this year’s Annual General Meeting (AGM) speech.
Tata Power Delhi Distribution Ltd, catering to a population 7 million in north Delhi, has strengthened the “No Power Supply (NPS)” registration process by introducing a member of digital modes during the ongoing monsoon season.
Adani Transmission, in its latest performance update, has said that the company’s transformation capacity saw a 17.2 per cent year-on-year growth, as of June 30, 2020.
Torrent Power, according to information available in its latest Annual Report, has cut down T&D losses in its Bhiwandi franchisee area in Maharashtra to 11.93 per cent in FY20 from 15.13 per cent in FY19.
With the re-imposition of lockdown restrictions in many parts across the country, the all India electricity demand is likely to decline by 5% to 6% in FY2021 over FY2020, against ICRA’s earlier estimate of 1% de-growth made in April 2020.
Sanjiv Goenka Group company CESC has been able to significantly reduce distribution losses in its three Rajasthan franchises– Kota, Bharatpur and Bikaner — during FY20.
Sterlite Power has announced the successful refinancing of the loan for Gurgaon Palwal Transmission Ltd [GPTL] project, within three months of the project becoming fully operational in April 2020.